Shareholder Committee

 

23rd June 2025

Report of the Assistant Director of Finance

Yorwaste Ltd Finance Update

Purpose of Report    

1.        To consider reports from Yorwaste providing a trading update for the 2024/25 financial year as well as a general update on the business.

Recommendations

2.        Note the reports from Yorwaste Ltd attached at annex 1 to this report.

Reason: to ensure the Council is updated on the financial performance of Yorwaste Ltd

Background and analysis

3.        Yorwaste was established as a Local Authority Waste Disposal Company owned fully by North Yorkshire County Council in 1991 to manage the council’s landfill sites. In 1996 as part of Local Government Review City of York Council became a 22.27% shareholder of the company. The company provides services to York relating to Transfer Stations, processing recyclates, garden waste and management and transport of waste at the two Household Waste Sites. They also provide similar services within North Yorkshire Council.

 

4.        The Yorwaste board is made up of council representatives of the two authorities and also independent board members. The representatives from City of York Council are currently (from 1st June 2025) Cllr K. Taylor and the Director of Finance, Debbie Mitchell. The company is a Teckal company whereby over 80% of its revenues come from its local authority owners.

 

5.        The latest trading update for the company is shown at Annex 1 including the provisional outturn position.

Risk Management

6.        There are no specific risk issues arising from this report.

Implications

7.        There are no financial, legal, HR, equalities, crime and disorder, information technology, property or other implications arising from this report.

 

Author:

Chief Officer responsible for the report:

Patrick Looker

Assistant Director of Finance

Email patrick.looker@york.gov.uk

Patrick Looker

Assistant Director of Finance

 

Report Approved

x

Date

13th June 2025

 

Wards Affected:  All

 

For further information please contact the author of the report

 

Annex 1 – Yorwaste Headline Performance Review.